High-Visibility Storefront
For Sale
$170,000
Pending
2402 S MACARTHUR Drive, Alexandria, LA 71303
Well-maintained, approximately 12-year-old commercial building in a high-traffic area with strong exposure for retail or service uses.
Property Size1,200 SF
Days on Market188
Property Features for 2402 S MACARTHUR Drive
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
General Commercial
Amenities
3
Parking.
Lot.
Rectangular
0.19
Rectangular.
Building Details
Year Built
2012
Listing Agency:
LATTER AND BLUM Central Realty LLC
(318) 445-7653
Listed By:
Buck Holt · License #995704186
(318) 715-4795
Source:
Xome
Added: Mar 4
Changed: Sep 1
Last Checked: Sep 7 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LATTER AND BLUM Central Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained storefront commercial building is approximately 12 years old and designed to support a variety of commercial uses. The building offers a commercial storefront configuration intended for business presence and visibility.
The property is located on S MacArthur Drive in a high-traffic area, providing exposure for customers passing by. Accessibility is highlighted as part of the overall offering.
With a relatively compact size, this is a straightforward option for an owner-operator or investor seeking a storefront-style commercial property in a busy setting.
The property is located on S MacArthur Drive in a high-traffic area, providing exposure for customers passing by. Accessibility is highlighted as part of the overall offering.
With a relatively compact size, this is a straightforward option for an owner-operator or investor seeking a storefront-style commercial property in a busy setting.
Key Highlights
- Well‑maintained commercial building built in 2012 (about 12 years old)
- Zoned C for commercial use
- High‑traffic, high‑visibility location with strong business exposure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.6K $18.00/SF
− Vacancy
−$972 −$0.81/SF
EGI
$20.6K $17.19/SF
− OpEx
−$6.2K −$5.16/SF
NOI
$14.4K $12.03/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Retail
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
644k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 28%
Apparel 23%
Dining 18%
Superstores 15%
Sam's Club
Superstores
99,785 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
53,216 visits/mo
0.4 miles
Marshalls
Apparel
45,760 visits/mo
0.2 miles
Albertsons
Groceries
40,163 visits/mo
0.3 miles
Five Below
Shops & Services
32,999 visits/mo
0.2 miles
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sam's Club Floral — 3805 North Blvd, Alexandria, LA 71301
- Albertsons Floral — 2265 s macarthur dr, alexandria, la 71301
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained, approximately 12-year-old commercial building in a high-traffic area with strong exposure for retail or service uses.
Where is this storefront property located?
The property is located at 2402 S MACARTHUR Drive Alexandria, LA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Well‑maintained commercial building built in 2012 (about 12 years old); Zoned C for commercial use; High‑traffic, high‑visibility location with strong business exposure
